Funds managed by New York-based investment firm BlueMountain Capital Management LLC have made a follow-on growth equity investment in Global Lending Services LLC, a nonprime auto finance lender.
Additionally, BlueMountain is in the final stages of completing a whole loan purchase facility that would finance future originations at Global Lending.
Back in 2012, Global Lending secured $100 million in capital from funds managed by BlueMountain, and the latter acquired a majority interest in the company.